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TORONTO, Aug. 1 /CNW/ - The Board of Directors of High Income Principal
And Yield Securities Corporation ("HI PAYS") today announced its regular
monthly distributions to holders of HI PAYS Preferred Shares (TSX: PAY.PR.A).
Distributions are payable August 31, 2007 to shareholders of record on August
15, 2007.
HI PAYS invests in a diversified portfolio consisting principally of
common shares issued by corporations whose shares are included in the S&amp;P 500
Index and the S&amp;P/TSX Composite Index, income funds and debt securities.
Lawrence Asset Management Inc. is both Manager and Investment Manager of HI
PAYS.
Distribution Details
Distribution per Preferred Share (TSX: PAY.PR.A): $0.1146
Ex-Dividend Date: August 13, 2007
Record Date: August 15, 2007
Payment Date: August 31, 2007
%SEDAR: 00017231E